Auction Winner Agreement

AUCTION WINNER AGREEMENT

Parties and Recitals

This Auction Winner Agreement (the Agreement) is entered into between Auctioneer/Seller: and Winning Bidder/Buyer: (collectively the Parties).

WHEREAS, Seller conducted an auction identified as on for certain lot(s) described below; and

WHEREAS, Buyer submitted the highest accepted bid for the lot described as Lot No. and agrees to purchase the lot subject to the terms below; and

WHEREAS, the Parties desire to set forth the terms governing payment, transfer of title, collection, confidentiality and related obligations.

Scope of Purchase / Item Details

Buyer acknowledges that the lot is sold "AS-IS, WHERE-IS" with all faults and imperfections, and Buyer has had the opportunity to inspect the lot prior to bidding. Buyer confirms acceptance by checking the box:

Payment Terms

The remaining balance shall be paid in full by by cash, certified funds, or other method acceptable to Seller. If not paid by the due date, a late fee of per month on the unpaid balance shall accrue beginning the day after the due date.

Buyer is responsible for all applicable taxes, auction fees, buyer's premium and transfer fees assessed by Seller in addition to the purchase price. Estimated additional fees:

Title, Risk, and Collection

Title to the lot transfers to Buyer upon Seller's receipt of full payment. Risk of loss or damage passes to Buyer upon collection or removal of the lot from Seller's premises. Buyer must remove the lot by unless otherwise agreed in writing. Storage or removal arrangements:

Term and Termination

This Agreement commences on and shall remain in effect until full performance by both Parties or until unless earlier terminated as provided below.

Either Party may terminate this Agreement for material breach by the other Party upon providing written notice and allowing a cure period of days. If Buyer fails to pay the balance within the specified period, Seller may retain the deposit as liquidated damages and pursue resale or other remedies.

Confidentiality

Each Party shall maintain in confidence all non-public business, financial and personal information disclosed by the other Party in connection with this Agreement and shall not disclose such information except to those employees, agents or contractors with a need to know or as required by law. This obligation survives termination of this Agreement for a period of three (3) years.

Indemnification and Remedies

Buyer shall indemnify, defend and hold Seller harmless from and against any claims, losses, damages or expenses (including reasonable attorneys' fees) arising from Buyer's removal, transport, ownership or use of the lot after transfer of title. Seller's remedies for breach include recovery of damages, retention of deposit, resale of the lot and any lawful equitable relief.

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state of without regard to conflicts of law principles. The Parties agree that jurisdiction and venue for any dispute shall lie in the courts located in that state.

This Agreement, including any incorporated auction terms and the invoice provided at the time of sale, constitutes the entire agreement between the Parties with respect to the subject matter hereof, supersedes all prior agreements and understandings, and may be amended only by a written instrument signed by both Parties.

Acknowledgment and Certifications

By signing below, Buyer certifies that the information provided is true and complete, that Buyer is authorized to enter into this Agreement, and that Buyer accepts the lot subject to the terms herein. Seller certifies that Seller has authority to sell the lot and will convey title subject to full payment and compliance with the terms of this Agreement.

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